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정진호교수 맨큐의 경제학 3단원

저작시기 2014.07 |등록일 2014.11.23 워드파일MS 워드 (docx) | 1페이지 | 가격 700원

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The gains from specialization and trade are based not on absolute advantage but on comparative advantage. When each person specializes in producing the good for which he or she has a comparative advantage, total production in the economy rises. This increase in the size of the economic pie can be used to make everyone better off. In our example, the farmer spends more time growing potatoes, and the rancher spends more time producing meat. As a result, the total production of potatoes rises from 40 to 44 ounces, and the total production of meat rises from 16 to 18 ounces.

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